Larry Ellison Net Worth How Rich Is Larry Ellison!

Larry Ellison, born Lawrence Joseph Ellison on August 17, 1944, in New York City, is one of the most influential figures in the tech industry. Raised by his aunt and uncle in Chicago, Ellison’s biological mother gave him up for adoption when he was nine months old. His adoptive father was a government employee, and the family lived in a modest apartment in a lower-middle-class neighborhood. Despite these humble beginnings, Ellison displayed an early aptitude for science and mathematics, which would eventually lead him to become one of the world’s wealthiest individuals.

What was Ellison’s educational background?

Ellison attended the University of Illinois at Urbana-Champaign, where he showed promise as a student. However, he dropped out after his second year following the death of his adoptive mother. He briefly attended the University of Chicago but did not complete his degree. Instead, he moved to California in the late 1960s, a decision that would shape his future in the burgeoning tech industry.

Career

How did Ellison start his career?

Ellison began his career with several jobs in the tech industry, including stints at Amdahl Corporation and Ampex Corporation. It was at Ampex that Ellison was involved in a project for the CIA, which he named “Oracle.” This project laid the groundwork for what would become his most significant business venture.

What is Oracle Corporation?

In 1977, Ellison co-founded Software Development Laboratories (SDL) with partners Bob Miner and Ed Oates. The company was later renamed Oracle Corporation after its flagship product, Oracle Database. Ellison’s vision was to create a relational database management system that would be more efficient and reliable than existing systems. Oracle quickly gained traction, becoming a leader in the database software market.

What were some key milestones in Ellison’s career?

Under Ellison’s leadership, Oracle expanded its product offerings and acquired numerous companies to bolster its market position. Notable acquisitions include PeopleSoft, Siebel Systems, BEA Systems, and Sun Microsystems. These strategic moves allowed Oracle to diversify its product portfolio and maintain its competitive edge in the tech industry.

Relationships

What is known about Ellison’s personal life?

Larry Ellison’s personal life has been as eventful as his professional career. He has been married and divorced four times. His first marriage was to Adda Quinn in 1967, which ended in divorce in 1974. His second marriage to Nancy Wheeler Jenkins lasted from 1977 to 1978. In 1983, Ellison married Barbara Boothe, with whom he had two children, David and Megan, before divorcing in 1986. His fourth marriage was to romance novelist Melanie Craft from 2003 until their divorce in 2010.

Who are Ellison’s children?

Ellison’s children, David and Megan, have followed in their father’s entrepreneurial footsteps. David Ellison is a film producer and the founder of Skydance Media, while Megan Ellison is also a film producer and the founder of Annapurna Pictures. Both have made significant contributions to the film industry, producing numerous critically acclaimed films.

Real Estate

What is notable about Ellison’s real estate holdings?

Larry Ellison is known for his extensive real estate portfolio, which includes properties across the United States and around the world. He has invested in various types of real estate, from residential properties to commercial ventures.

What are some of Ellison’s most notable properties?

One of Ellison’s most famous properties is the Japanese-inspired estate in Woodside, California, which spans over 23 acres and includes a man-made lake and a teahouse. He also owns several properties in Malibu, including the historic Malibu Racquet Club. Additionally, Ellison purchased the entire Hawaiian island of Lanai in 2012 for an estimated $300 million, where he has invested in sustainable agriculture, renewable energy, and luxury resorts.

Net Worth

How much is Larry Ellison worth?

As of 2024, Larry Ellison’s net worth is estimated to be around $150 billion. His wealth primarily stems from his ownership stake in Oracle Corporation, where he continues to serve as chairman and chief technology officer. Ellison’s net worth has fluctuated over the years due to changes in Oracle’s stock price and his other investments, but he consistently ranks among the richest individuals in the world.

How does Ellison’s wealth compare to other billionaires?

Ellison’s net worth places him in the upper echelons of the world’s billionaires. While he may not always hold the top spot, his position in the tech industry and his diverse investments ensure that he remains one of the wealthiest people globally.

Age and Other Interests

How old is Larry Ellison?

As of 2024, Larry Ellison is 79 years old. Despite his age, he remains actively involved in Oracle’s operations and continues to pursue various business and personal interests.

What are Ellison’s other interests?

Ellison has a wide range of interests outside of his work at Oracle. He is an avid yachtsman and has competed in several America’s Cup races. His team, Oracle Team USA, won the prestigious sailing competition in 2010 and 2013. Ellison is also passionate about aviation and owns several aircraft, including military jets.

What philanthropic efforts is Ellison involved in?

Larry Ellison has pledged to give away much of his fortune to charitable causes. In 2010, he signed The Giving Pledge, committing to donate at least half of his wealth to philanthropy. His charitable contributions have focused on medical research, education, and environmental conservation. The Lawrence Ellison Foundation, established in 1997, supports various initiatives aimed at improving global health and advancing scientific research.

Conclusion

Larry Ellison’s journey from a modest upbringing to becoming one of the world’s wealthiest individuals is a testament to his vision, determination, and business acumen. His contributions to the tech industry have had a lasting impact, and his diverse interests and philanthropic efforts continue to shape his legacy. With a net worth of around $150 billion, Ellison’s influence extends far beyond Oracle, making him a prominent figure in both the business world and various other fields.

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